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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Population growth drivers in Cranbourne are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Cranbourne's population was around 23,003 as of August 2025. This reflects an increase of 1,722 people since the 2021 Census, which reported a population of 21,281 people. The change is inferred from the estimated resident population of 22,544 in June 2024 and an additional 450 validated new addresses since the Census date. This level of population equates to a density ratio of 1,765 persons per square kilometer. Cranbourne's population growth of 8.1% since census positions it within 0.5 percentage points of the national average (8.6%). Population growth was primarily driven by overseas migration, contributing approximately 59.7% of overall population gains during recent periods.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on the latest population numbers, Cranbourne is projected to expand by 5,020 persons to 2041, with an increase of 19.8% in total over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Cranbourne among the top 25% of areas assessed nationwide
Cranbourne has recorded approximately 140 residential properties granted approval per year. Development approval data is produced by the ABS on a financial year basis, showing 704 homes over the past five years from FY20 to FY25, with 14 approvals so far in FY26. On average, 1.3 new residents have been added per year per dwelling constructed over these five years. The supply and demand dynamics appear stable, with an average construction cost of $429,000 per dwelling, aligning with regional trends.
This financial year has seen $73.8 million in commercial development approvals recorded, indicating strong commercial development momentum. Compared to Greater Melbourne, Cranbourne has significantly less development activity, 60.0% below the regional average per person, which typically strengthens demand and prices for existing properties. New development consists of 77.0% detached dwellings and 23.0% medium and high-density housing, preserving the area's suburban nature with a focus on detached housing attracting space-seeking buyers. The location has approximately 195 people per dwelling approval, indicating an expanding market.
Population forecasts indicate Cranbourne will gain 4,561 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.
Frequently Asked Questions - Development
Infrastructure
Cranbourne has strong levels of nearby infrastructure activity, ranking in the top 30% nationally
Local infrastructure changes significantly influence an area's performance. AreaSearch identified 44 projects potentially impacting the area. Notable ones are ESR Greenlink Industrial Estate, Cranbourne Community Hospital, Cranbourne Hub, and Cranbourne Line Upgrade. The following details projects likely most relevant:.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Cranbourne Hub
Purpose-built integrated community services hub offering council and community services, including customer service centre, youth information centre, Connected Libraries (Cranbourne branch), Peninsula Community Legal Centre, and Community Information and Support Cranbourne in one convenient location to support community health and connectivity.
Cranbourne Line Upgrade
Major $1 billion upgrade including 8km track duplication between Cranbourne and Dandenong (completed February 2022), new Merinda Park Station (opened), removal of level crossings, and infrastructure to support 10-minute train services. Creates capacity for 121,000 additional passengers per week. Track duplication complete, with final level crossings at Webster Street and Camms Road to be removed by 2025. Will be the first level crossing-free line on Melbourne's network.
The Orange Door Cranbourne
The largest Orange Door access point in Victoria, providing integrated family violence and child wellbeing services to the southern Melbourne community. Offers free support including risk assessments, safety planning, crisis assistance, and connections to ongoing support services for families experiencing family violence or needing help with child and family wellbeing.
Cranbourne Community Hospital
New three-storey community hospital providing urgent care, day surgery, mental health services, and public dental care. Part of $800 million program to build community hospitals in major growth areas. Managed by Monash Health, the facility will help take pressure off major hospitals like Casey Hospital while delivering healthcare closer to home for growing communities. Expected to open in early 2025.
Cranbourne Park Shopping Centre Expansion
$120 million expansion and revitalisation of Cranbourne Park Shopping Centre, delivering around 12,500 sqm of new retail including Target, a large-format Coles, ~55 specialty stores, a gym and commercial space. Works were completed in 2015. The centre is currently co-owned by Vicinity Centres (50%) and IP Generation (50%) and managed by Vicinity Centres.
Summerset Cranbourne North
Summerset's first Australian retirement village offering a continuum of care with independent villas, assisted living apartments, and an on-site care home. Features resort-style facilities including community centre with indoor pool, spa, cafe, cinema, bowling green, and hair salon. First residents moved in March 2024 with 55 homes currently delivered and community centre due to open early 2026.
Cranbourne West Shopping Centre
A 100% leased neighbourhood shopping centre anchored by Woolworths supermarket with 15 specialty stores including Jetts Fitness, medical centre and pharmacy. Located 50 kilometres from Melbourne CBD with over 11,000 sqm of surplus development land for future expansion.
Narre Warren-Cranbourne Road Upgrade
Major road infrastructure upgrade adding extra lanes and upgrading intersections on 4km section of Narre Warren-Cranbourne Road between Thompsons Road and South Gippsland Highway. Includes 10 intersection upgrades with new traffic signals, road widening, enhanced pedestrian and cycling facilities with 9km of new shared paths, and improved safety features. Major works completed August 2024, one year ahead of schedule. Part of $2.27 billion Suburban Roads Upgrade package.
Employment
Employment drivers in Cranbourne are experiencing difficulties, placing it among the bottom 20% of areas assessed across Australia
Cranbourne's workforce is skilled with the construction sector being prominent. The unemployment rate was 8.7% in June 2024, increasing to 9.1% by June 2025.
Employment growth over the past year was estimated at 3.3%. As of June 2025, 11,237 residents were employed with an unemployment rate of 4.1%, higher than Greater Melbourne's rate of 4.6%. Workforce participation was 60.0% compared to Greater Melbourne's 64.1%. Key industries for employment among residents are health care & social assistance, manufacturing, and construction.
Manufacturing shows strong specialization with an employment share of 1.9 times the regional level. Professional & technical services have lower representation at 4.3% versus the regional average of 10.1%. Employment opportunities locally appear limited based on Census working population vs resident population data. Between June 2024 and June 2025, employment levels increased by 3.3%, labour force increased by 4.4%, causing the unemployment rate to rise by 1 percentage point. In contrast, Greater Melbourne experienced employment growth of 3.5% and labour force growth of 4.0%, with a 0.5 percentage point rise in unemployment rate. State-level data from Sep-25 shows VIC employment grew by 1.08% year-on-year, adding 39,880 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May 2025 project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Cranbourne's employment mix suggests local growth of approximately 6.0% over five years and 12.8% over ten years.
Frequently Asked Questions - Employment
Income
Income figures position the area below 75% of locations analysed nationally by AreaSearch
Cranbourne's median taxpayer income was $45,710 and average income was $51,820 in financial year 2022. This is lower than the national average, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761 during the same period. By March 2025, based on a 10.11% Wage Price Index growth since financial year 2022, estimated incomes would be approximately $50,331 (median) and $57,059 (average). Census 2021 income data ranks household, family, and personal incomes in Cranbourne modestly, between the 30th and 34th percentiles. Income distribution shows that 36.5% of locals (8,396 people) fall within the $1,500 - 2,999 category, similar to the broader area where 32.8% occupy this range. Housing affordability pressures are severe in Cranbourne, with only 81.4% of income remaining, ranking at the 31st percentile.
Frequently Asked Questions - Income
Housing
Cranbourne is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
In Cranbourne, as recorded in the latest Census, 80.1% of dwellings were houses, with the remaining 19.8% being semi-detached homes, apartments, or other types. This is compared to Melbourne metropolitan area's 91.5% houses and 8.5% other dwellings. Home ownership in Cranbourne stood at 23.8%, with mortgaged dwellings at 41.5% and rented ones at 34.7%. The median monthly mortgage repayment was $1,627, below Melbourne metro's average of $1,950. The median weekly rent in Cranbourne was $342, lower than Melbourne metro's $386. Nationally, Cranbourne's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were less than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Cranbourne features high concentrations of group households, with a lower-than-average median household size
Family households account for 72.0% of all households, including 33.4% couples with children, 21.0% couples without children, and 15.9% single parent families. Non-family households make up the remaining 28.0%, with lone person households at 24.1% and group households comprising 3.9%. The median household size is 2.7 people, smaller than the Greater Melbourne average of 3.2.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Cranbourne fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
The area has university qualification rates of 16.9%, significantly lower than Greater Melbourne's average of 37.0%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 11.3%, followed by postgraduate qualifications (4.0%) and graduate diplomas (1.6%). Vocational credentials are prominent, with 38.0% of residents aged 15+ holding them, including advanced diplomas (11.4%) and certificates (26.6%).
Educational participation is high at 31.6%, comprising primary education (10.9%), secondary education (8.0%), and tertiary education (4.0%). Cranbourne has a network of seven schools educating approximately 3,742 students, with typical Australian school conditions (ICSEA: 967) and balanced educational opportunities. Education provision is balanced, serving distinct age groups through six primary and one secondary school.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Cranbourne has 77 active public transport stops offering a mix of train and bus services. These stops are served by 17 different routes that collectively facilitate 9,074 weekly passenger trips. The accessibility of transport in Cranbourne is rated as good, with residents typically located 288 meters from the nearest stop.
On average, there are 1,296 trips per day across all routes, which translates to approximately 117 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health outcomes in Cranbourne are marginally below the national average with the level of common health conditions among the general population somewhat typical, though higher than the nation's average among older cohorts
Cranbourne's health indicators show below-average results, with common health conditions among its general population being somewhat typical but higher than the national average for older cohorts. Private health cover is extremely low at approximately 46% of the total population (~10,627 people), compared to Greater Melbourne's 49.1% and the national average of 55.3%. The most prevalent medical conditions are mental health issues (9.2%) and asthma (8.5%), while 68.8% of residents report no medical ailments, compared to Greater Melbourne's 76.4%.
Cranbourne has a higher proportion of seniors aged 65 and over at 13.6% (3,135 people), compared to Greater Melbourne's 9.6%. Health outcomes among seniors require more attention than the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Cranbourne is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Cranbourne has a high cultural diversity, with 36.2% of its population born overseas and 32.9% speaking a language other than English at home. Christianity is the main religion in Cranbourne, comprising 39.3% of its population. However, the most notable overrepresentation is in Other religions, which makes up 4.5% of Cranbourne's population compared to Greater Melbourne's 6.5%.
In terms of ancestry, the top three groups are English at 22.6%, Australian at 21.7%, and Other at 19.3%. Notably, Samoan ancestry is overrepresented in Cranbourne at 1.3% compared to the regional average of 1.3%, Sri Lankan at 0.8% compared to 2.2%, and Indian at 5.3% compared to 9.2%.
Frequently Asked Questions - Diversity
Age
Cranbourne's population is younger than the national pattern
Cranbourne's median age is 35 years, which is slightly younger than Greater Melbourne's 37 and somewhat younger than the national average of 38 years. The 55-64 age group constitutes 11.3%, compared to Greater Melbourne, while the 85+ cohort is less prevalent at 1.2%. Between 2021 and present, the 35-44 age group has increased from 14.2% to 15.3% of the population. Conversely, the 5-14 cohort has declined from 13.1% to 12.4%. By 2041, forecasts indicate significant demographic changes in Cranbourne. The 45-54 age group is projected to increase by 989 people (36%), from 2,725 to 3,715. Meanwhile, the 0-4 cohort grows by a modest 1% (11 people).